Obamacare Health Insurance Premiums Jump

Remember the John Kerry line, “I was before the war before I was against the war”? Now fellow Democrats are saying rising Obamacare health insurance premiums are a good thing.   obamacare premium increase

Yes indeed.

In the selling of Obamacare to the public, Democrats promised your health insurance premiums would fall, and that was a good thing.

Crowd goes wild.

Now the line is, Obamacare health insurance premiums will go up, but that is a good thing.

You can’t have it both ways.

Simple changes to Obamacare, like repealing the law’s requirement that young people pay similar premiums to old people, and relaxing its constraints on deductibles and co-pays, would help reduce rate shock. But Democrats put “community rating” in the bill in order to please their allies in the AARP, and many on the left are ideologically opposed to high-deductible insurance. These provisions have a lot to do with rising premiums under Obamacare, and removing them doesn’t prevent you from covering those with pre-existing conditions.

An argument you hear from the left is that it’s no big deal that Obamacare health insurance premiums are rising, because poor people won’t have to pay those prices; their plans will be subsidized by the government. But this is an economically and fiscally irresponsible point of view. We’re going to make health insurance unnecessarily expensive—thereby placing an extra burden on taxpayers and those ineligible for subsidies—and it’s no big deal because the government will insulate a select few from the costs?

Forbes

If you are middle class or above you will pay more but that’s OK because poor people will pay little or nothing.

Doesn’t that make you feel better?

The fact that Obamacare health insurance premiums rise dramatically on young people is a big deal, because the majority of uninsured people are young. It’s the fact that insurance is already so expensive that leads so many young people to opt out. They’re perfectly healthy; they don’t have a lot of money; but they’re being asked to shell out thousands of bucks for policies they won’t use. And Obamacare’s solution to this problem is…to force them to pay more? We’ll see how that goes.

Obamacare health insurance premiums for young people, under the age of 30 or so, will rise more than those of older Americans. Young people will most likely see a 3x increase in premiums.